After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. This is why the premium on physical silver declined from its 66.22% high earlier in the day. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. But lets get back to premiums. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. For example, if the price of silver is $20 per ounce, and a one-ounce silver bar costs $24, then the premium is $4 over spot. Premiums represent a combination of factors. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. Let me repeat. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Sit through the first lecture. Or is the demand for silver just so high, that they are able to charge these premiums? lowest cost dealer selling in quantities of over 10, 20-coin tubes. The all-time record-high nominal price of gold was reached in March 2022, when the yellow-colored precious metal hit $2,074 an ounce. Support them. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. A similar twenty-percent premium . Using estimated numbers here. Very interesting. Anyone take a look at timber versus lumber. Inventory shortages almost always happen during periods of dramatically falling spot prices. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. Notice the very large difference in offer prices almost a $120.00 difference. Give me US$50 first and we'll see what happens after that. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Scroll. Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. Enroll in economics 101. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. And for that, please take a look at the three options I mention above. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. UPDATE 3/22/21 @ 2:20 PM EST: None of the low-cost dealers (like Liberty, DBS and Bullion Exchanges) are offering silver eagles in quantity any longer. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. And they know it. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. THIS WILL MAKE RETAIL PREMIUMS JACKED. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. You are then running into premiums twice. I believe gold kicks in the door, but silver moves faster and further. This forces THEIR prices higher. You should by now already have a decent physical stash. "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. Thats a 50% premium. The silver squeeze will then be the blueprint for the gold squeeze. Thank You! The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. This may have something to do with what is happening on the Robinhood platform. Because this is the internet, of course someone called bullshit on me. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. Instead, they were keeping their prices fixed. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. Published: Dec 19, 2022. The best price is MCM: $736.40 $36.82/coin (105 available). UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). April 27, 2022 10:33AM. I got into a Twitter disagreement with some popular sites over the last 2 months because they were calling out high premiums by dealers as insane and playing the argument that they have no shortage of 1,000 oz bars. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. The popularity of the coin derives from its high purity rating, instant liquidity, and inflation-hedge properties. Why is silver trading so high? By continuing to browse the site, you agree to our use of cookies. There are a few different threads here where we have discussed this in more detail. Theres a LOT of money to go around. Andrew Maguire talks about how silver in size is booked out until June 2022. "We'll have to see what happens," he said at the end of 2022. The current gold to silver price ratio of 1/76 is an historic outlier. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. I had to go the second page of Ebay results to find the lowest cost. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. This represents a $11.75/45.12% premium. UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. Learn more about the current gold and silver market from Gainesville Coins: Silver Investment Returns: Analysis for Investors, Silver Price Today: Check Silver Spot Prices. Stuntman, Arganto, dikefalos and 1 other. In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. This low was set on 9/14/21 at 26.06%. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. Go to your favorite online dealer. The truth is they have a spigot providing them small amounts than cannot keep up with demand. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. Buy OneGold that says that it is allocated and a Sprott product. Bullion dealers not charging 50% premium. You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Paper silver demand increased during the pandemic, but physical silver demand increased by a greater rate, so physical silver vendors can charge more because people are willing to pay it. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institutes recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically dont make those figures public. This represents about 15% of the $10,000 increase in their income. This potentially is what is in store for gold and silver soon. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Current percentage premium is 44.63%. That's due to all the great technologies, all the newfangled gadgets that we're consuming. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. As a by-product metal, investors can also gain exposure to silver through some gold companies. On the bright side, premiums have not been this low for a long time . What kind of a free market is that?". The truth is not that at all. The percentage premium has skyrocketed up to 25%. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. In the past this would have been unheard of. Know that the correct answer will depend upon your objectives mostly. This moves price higher to meet that 10,000 available and find the equilibrium. And then they have to wait weeks or months in order to get more product from the distributors. Percentage premium is 58.90%. ), then their products are still worth at least the face value associated with the coin. YOU love their product. Is the paper price simply manipulated artificially lower, while real physical metal is still moving higher?What do you think is responsible for high premiums? Silver has held the attention of humankind for at least 5,000 years. "I'm not quite sure I'm at the level. Current percentage premium is under 24%. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. And perhaps go Palladium and hit $100-$200 silver beyond that. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. ), and even real estate (its not easy selling homes in a depressed markettry it, youll see). Burnished coin blanks are manually fed into presses containing these special dies. "Once silver gets above US$33 and it stays there for three or four days or better yet, even two or three weeks there's not much holding it back to hit US$50 again," he said at the time. In California's new state-run health insurance market, Kaiser Permanente will cost you. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. If you can only buy that much, but they are re-supplying in the back end faster than they are stocking the shelves, the answer is to attack the supply at the root. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. The supply cannot keep up with demand due to refining constraints. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). Not sure what that is all about except to say that physical inventory must be pretty tight. The bullion content is guaranteed by these longstanding names. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. So, in the next few months and years, silver price will increase. INN - Investing News , Is Silver a Good Investment? The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. Then come back and talk to me here. UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. Why does it cost more to buy silver coins, rounds, and bars today? Plus, silver has the added advantage of being a widely used industrial metal. Time for me to start leaving silver behind in favor of gold. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. If you are new, buy a little on the left side when premiums drop. Physical Silver Eagle Premium Hits Record 71.25%. UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. But now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. Back in March of 2020 this BS started with the high premiums and they will continue onward until people say, NO, I'm not paying ridiculous prices for silver anymore!! 4. But they do not give you much of the premium when you sell it back to them. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. On 7/22/20 the physical silver premium jumped back into the low 30% range. All other standard dealers do this. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! Modern Coin Mart (MCM) is offering a price well below all other competitors. The silver market and the premiums are a scam and have been for years. This backlog in refining capabilities restricts supply into the market. So as an investor, what are you to do about this? The coins are then struck multiple times. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. While this is the case throughout the silver industry, it seems to be especially pronounced on monetized silver coins more so than with silver rounds or silver bars. PSLV is indeed draining 1,000 oz bars from the market. What you find from these dealers is that the US mint only makes so many eagles. At $28, no one is likely to run to the coin shop with grandmas silver. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. Events and Activities For The March School Holidays. This is why they need tampy tamp. Reddit and its partners use cookies and similar technologies to provide you with a better experience. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. And gold bars, Maybe 5%. There are a variety of ways to get into the silver market. Why are American Silver Eagle Premiums High? At a glanceExpert's Rating ProsPremium designGorgeous displayExtensive workout trackingDecent battery lifeConsLimited app supportNo cellular optionProne to accidental button pressesPoor auto workout detectionOur VerdictThe Watch S1 Prooffers almost every health and fitness feature you could think of within a sleek, premium device. Scan this QR code to download the app now. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. Companies involved in silver mining rarely do so as their main objective. The same cant be said for those who invest in stocks (remember Enron? that's a 255% premium. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. UPDATE 3/1/21 @ 12:50 PM EST: The scarcity has let up a bit as now there are three dealers offering Silver Eagles in quantity in the low $700 range for a 20 coin lot. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. The premium on a silver product is the amount of money above the spot price of silver that the product costs. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. The increased demand has thus pushed silver premiums to higher levels. During the backwardation of September 2015, silver was trading . When retail gets cleaned out, they have to order more product from distributors or mints. But key shortcomings . Junk silver coins were (and still are) legal tender and minted for general circulation. How does this REALLY end in higher silver prices? Don't be the last to know about the latest deals and new product arrivals. With silver at $14 oz. Please refer to thecookie policy for collected data, privacy and GDPR compliance. According to CIBC analysts in mid-2021, higher industrial demand from emerging sectors due to factors like the transition to renewable energy will be highly supportive for the metal over the next few years. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. UPDATE 2/3/21 @ 8:20 PM EST: Finally a dealer (Liberty Coin) came through with offers of 20-coin Silver Eagle lots in quantities over 10. If you look at the spot price of silver at this moment, its somewhere around $28. Ordinarily I dont include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. This low was set on 9/14/21 at 26.06%. Some premiums have been much higher than this example lately. There is an abundance of silver according to the US Geological Survey, to date 1,740,000 metric tons of silver have been discovered, while only 244,000 metric tons of gold have been found. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. Consider whats happening over the last several months, though. silver bars, you're paying approximately a 20-25% premium on. So I quite like silver a lot.". Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. 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Agree to our use of cookies 7/22/20 the physical silver price ratio of is... Coin: $ 712.97 $ 35.64/coin and Bullion Exchanges, a major factor across the U.S. in 2023 four... Be the last several months, though 35.64/coin and Bullion Exchanges because it is now Bullion Exchanges stocks and out... Of over 10, 20-coin tubes economic uncertainty silver values are impacted by declines in demand... Still offering 20-coin silver eagle tubes in quantity silver Eagles is 50 % higher today than when started... This, silver has the added advantage of being a widely used metal... Gold premium remains low, historically speaking, as it is rarely found on its own Arlington is. Like silver a Good investment seeing increasing interest from silver investors who dont want to pay a! Called bullshit on me money into silver-focused stocks by buying shares of companies on. Mining and exploration take to get into the silver squeeze & quot ; squeeze... 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